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Updated RecentlyPadgett Business Services vs American Tax and Financial Group Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Padgett Business Services vs American Tax and Financial Group including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $20,200 - $99,975 | $33,600 - $43,000 |
| Franchise Fee | $15,000 - $56,000 | $15,000 |
| Royalty Fee | 9%+ | 10% |
| Advertising Fee | - | - |
| Year Founded | 1965 | 1997 |
| Year Franchised | 1975 | 2003 |
| Term Of Agreement | 20 years | 5 years |
| Term Of Agreement | 20 years | 5 years |
| Renewal Fee | 5% of then-current fee | $2.5K |
Business Experience Requirements |
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| Experience | ||
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/Yes | Yes/No |
| Start-up Costs | No/Yes | No/No |
| Equipment | No/Yes | No/No |
| Inventory | No/No | No/No |
| Receivables | No/No | No/No |
| Payroll | No/No | No/No |
Training & Support |
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| Training | Classroom Training: up to 80 hours Additional Training: At annual marketing convention & tax seminar | - |
| Support | Newsletter Meetings/Conventions Toll-Free Line Online Support Security/Safety Procedures Field Operations Franchisee Intranet Platform | Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| Marketing | Ad Templates National Media Social media SEO Website development Email marketing | Ad slicks, Regional advertising |
| Operations |
Franchise can be run from home. 0.5% of all franchisees own more than one unit Number of employees needed to run franchised unit: 1 Absentee ownership of franchise is NOT allowed. |
Number of employees needed to run franchised unit: 4 Absentee ownership of franchise is allowed. |
Expansion Plans |
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| US Expansion | Yes | - |
| Canada Expansion | Yes | No |
| International Expansion | Yes | No |
Company Overviews
About Padgett Business Services
Bolster Your Small Business Tax Practice
As the owner of a tax practice, you must be proactive in order to keep up with market changes, technology and your clients' needs. Staying on top of new regulations is critical for any tax business to truly serve its clients. From this challenge to growing your customer base, revenue and profitability, you need someone to support your efforts in improving and solidifying your business.
Enter Padgett Business Services, a provider of tax, finance, compliance and payroll services to small businesses. A local, affiliate-based organization, we rely on tax professionals like you to meet the needs of business owners across the country.
As a Padgett Business Services affiliate owner, you're able to bolster your business with:
- Tax support services that help you provide the best possible assistance to your clients.
- State-of-the-art software that streamlines your processes.
- Greater opportunities to grow your client base, increase your revenue and maximize your profitability.
- Continue to build upon your success and learn more about your growth potential as an affiliate of Padgett Business Services.
Veteran Incentives $4,000 off franchise fee
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About American Tax and Financial Group
American Tax and Financial Group was founded in 1997 in Dallas, Texas by Calvin Dale Brown II, as a sole proprietor certified public accounting firm. The Company had very humble beginnings. With no more than $700 and a “dream”, Mr. Brown secured a lease on a small office, measuring about 120 square feet, and the practice was born. The first full year of business, the practice grossed about $35,000, mainly providing income tax services, including electronic filing, to individual taxpayers. Year two saw an increase in revenues from business services, as well as more tax clients, and revenue doubled to about $70,000. After just three years in business, the practice was grossing about $100,000 annually. Over the next three years, Mr. Brown continued to run and grow the practice. After 6 years of running a local CPA firm, it was now time, and the decision was made, to expand the practice nationally, and American Tax and Financial Group was born. Mr. Brown’s vision for the Company is for it to be America’s leading and premier financial services company, offering tax, comprehensive financial, and business services to the American public through a nationwide group of Certified Public Accountants and trained tax professionals (independent franchisees).